According to vice-premier of the Republic of Tatarstan, Minister of Information and Communications Nikolay Nikiforov, construction of IT-Village, where assumed to live and work 20 thousand experts of IT tecnologies, will begin in spring of 2012, reported digit.ru.

The decision to build innovation center IT-Village with total area 12 million square meters in Verkhneuslonsky region of Tatarstan was adopted in 2010. Tatarstan has signed an agreement with leading Singapore company RSP Architects&Engineers PTE Ltd to develope a master-plan for this undertaking. In this IT-Village, situated in 35 kilometers from capital Kazan, will be developed all necessary modern infrastructures to live and work. Singapore company has identified the main concept of this project as "Live, learn, work and play".

The project will be implemented as a public-private partnership. According to preliminary estimates, the total cost of project could range from 90-120 billion rubles. However, according to Minister it will depend on investors and developers. As reported in article, the construction of IT-Village will start at spring 2012 and complete after 5-7 years.